Business Description

Sinclair Broadcast Group Inc is a Maryland corporation formed in 1986. The Company is a television broadcasting company that owns or provides certain programming, operating or sales services to television stations in the United States. The Company owns, provides programming and operating services pursuant to local marketing agreements (LMAs) or provides sales services and other non-programming operating services pursuant to contracts to 149 television stations in 71 markets. The Companys broadcast group is a single reportable segment for accounting purposes and includes the following network affiliations: FOX (39 stations); CBS (25 stations); ABC (19 stations); NBC (16 stations); The CW (23 stations); MyNetworkTV (20 stations; not a network affiliation; however, it is branded as such); Univision (5 stations), Azteca (1 station) and one independent station. In addition, certain stations broadcast programming on second and third digital signals through network affiliation or program service arrangements with CBS, ABC, and NBC, FOX, The CW, MyNetworkTV, This TV, ME TV, Weather Radar, Weather Nation, Live Well Network, Antenna TV, Bounce Network, Zuus Country Network, Retro TV, Estrella TV, MundoFox, Tele-Romantica, Inmigrante TV, Azteca and Telemundo. Its broadcast segment includes its television stations and the four radio stations it acquired from Fisher Communications, Inc. The Company broadcast free over-the-air programming to television viewing audiences in the communities it serves through its local television stations. The programming that it provides on its primary station channels consists of network provided programs, news produced locally, local sporting events, programming from program service arrangements, syndicated entertainment programs and other locally produced programs such as Ring of Honor wrestling. The Company's television stations compete for audience share and advertising revenue with other television stations in their respective DMAs, as well as with other advertising media such as MVPDs, radio, newspapers, magazines, outdoor advertising, transit advertising, telecommunications providers, internet and broadband, yellow page directories and direct mail. The ownership, operation and sale of television stations are subject to the jurisdiction of the FCC, which acts under the authority granted by the Communications Act of 1934.

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